Industry News Archive

Say it ain’t so? The word coming straight from The Las Vegas Strip is Wacko Jacko is considering offers to do a regular stage show in Sin City.

London-based PartyGaming Plc reported a 56 percent plunge in annual net profits this week following the U.S. government's decision to ban Internet gambling, but told investors its moves to find revenue elsewhere are beginning to "bear fruit."

Casinos and lottery operations make $13 billion last year in California, according to lawmakers in Sacramento, the state capital. Officials said the lottery alone generates $3 billion in the state.

Another major casino company is going private in $8.8 billion buyout. Station Casinos announced this weeks its given the thumbs up on a definitive agreement with Fertitta Colony Partners LLC to allow the private equity firm to acquire all of Station’s outstanding common stock for $90 per share in cash.